While the crypto industry has not tried to defend against the actual allegations – that the DAO, alongside its predecessor company, bZeroX, offered unregistered products to U.S. customers – it has collectively expressed concern about how the CFTC has gone about trying to bring a case against the DAO. Specifically, lawyers are concerned that the CFTC has painted a broad brush by trying to hold each voting token holder individually liable, as well as by trying to serve the entire DAO by posting the lawsuit in a web portal and on a forum.
